Author

Topic: Purebet.io - The first on-chain sports betting aggregator (Read 335 times)

legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
Interesting idea, I'll look more into it when more markets are involved. I see that the website isn't mobile friendly yet. Please do work on it. I'd also like live matches being part of the aggregation. I couldn't find any when I looked into it. Will add more feedback in a couple of days. Welcome to the forum.

We recently built a mobile-friendly version of Purebet here: https://swipe.purebet.io
It lets you bet by swiping in the style of tinder. Hope you enjoy it!
Wouldn't it be annoying for someone looking to bet on something specifically? When someone visits a sportsbook, they usually have a purpose and are not there for window shopping. Maybe look into that.
Edit: I suppose, they wouldn't use this function in that case*

It does look interesting, but the games seem limited to only baseball? maybe add a tab for specific sports available on top.
newbie
Activity: 5
Merit: 0
Interesting idea, I'll look more into it when more markets are involved. I see that the website isn't mobile friendly yet. Please do work on it. I'd also like live matches being part of the aggregation. I couldn't find any when I looked into it. Will add more feedback in a couple of days. Welcome to the forum.

We recently built a mobile-friendly version of Purebet here: https://swipe.purebet.io
It lets you bet by swiping in the style of tinder. Hope you enjoy it!
newbie
Activity: 5
Merit: 0

This sportbook is really new and the best but still it’s not enough to beat the current sportsbook offered by centralized casino. There’s no transaction fee on every bet on centralized casino compared to this while the only convenience that it can give is the ability to set odds but it’s useless of no one from the other side will accept your bet. In the end you will just rely on the odds offered by the casino.

I think a lot of people might not be familiar with fees on Solana. Each transaction costs $0.0001, and there is also a ~$0.03 fee called rent exemption that you pay and get refunded when your wager settles. The fees on Purebet are very very low and basically non-existent.


Linking our wallets is a basic strategy for making an easy accessible path to the sites.

This is the crucial part. Linking our wallet might result to a total loss of our money if the service got compromised. Not only our gambling bankroll but the total money on our wallet. Convenience is always less priority than safety. Purebet needs to boost their reputation in able to gain trust from players.


When you connect your wallet to our site, it only allows the site to ask your permission to approve transactions. We cannot move money from your wallet without approval from you. Once your bet has been placed, it is held by the Purebet smart contract and we cannot touch it. When the wager settles, the money is paid to the winner. You have full control over your funds at Purebet.

Interesting idea, I'll look more into it when more markets are involved. I see that the website isn't mobile friendly yet. Please do work on it. I'd also like live matches being part of the aggregation. I couldn't find any when I looked into it. Will add more feedback in a couple of days. Welcome to the forum.

Of course, we will work on making the site mobile friendly. We recently made the navigation bar more mobile friendly.  Anything specific you would like to point out?

As for live matches, the other protocols from which we aggregate odds don't offer live matches yet, and so we don't have it. Maybe they may offer it in the future, and if that day ever comes we will definitely offer live betting on Purebet
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
Interesting idea, I'll look more into it when more markets are involved. I see that the website isn't mobile friendly yet. Please do work on it. I'd also like live matches being part of the aggregation. I couldn't find any when I looked into it. Will add more feedback in a couple of days. Welcome to the forum.
hero member
Activity: 1120
Merit: 554
🇵🇭
I've seen a nice  structuring sport betting site in the community, at least it's effective and reliable. The service also offers big odds to players, making it simple to make 2x your initial funding. Purebet's moderators will make every effort to match the buzz around their newly launched sports betting service which will benefits more gamblers in the space. Purebet.io is one of the fastest growing betting sites in the industry since it meets the basic needs of gamblers. Linking our wallets is a basic strategy for making an easy accessible path to the sites.

This sportbook is really new and the best but still it’s not enough to beat the current sportsbook offered by centralized casino. There’s no transaction fee on every bet on centralized casino compared to this while the only convenience that it can give is the ability to set odds but it’s useless of no one from the other side will accept your bet. In the end you will just rely on the odds offered by the casino.

Linking our wallets is a basic strategy for making an easy accessible path to the sites.

This is the crucial part. Linking our wallet might result to a total loss of our money if the service got compromised. Not only our gambling bankroll but the total money on our wallet. Convenience is always less priority than safety. Purebet needs to boost their reputation in able to gain trust from players.
hero member
Activity: 1148
Merit: 518
Nice to welcome a new sports betting site in this forum, especially is no KYC and I see this site doesn't require KYC because no need to sign up just linking wallet , but unfortunately I'm not a solana fan and don't have it to test it, but all the community would love to welcome whoever the owner Gambling sites like sports betting or casinos promote their sites in these forums.

I see everything is pretty good in writing and you can upgrade your bitcointalk account to copper member as other friends here recommended, I'd love to see this thread grow and at least add a graphic design view to make it look interesting, Btw welcome to the bitcointalk forum, maybe sometime when will I test your site if on any other network than Solana  Wink
I've seen a nice  structuring sport betting site in the community, at least it's effective and reliable. The service also offers big odds to players, making it simple to make 2x your initial funding. Purebet's moderators will make every effort to match the buzz around their newly launched sports betting service which will benefits more gamblers in the space. Purebet.io is one of the fastest growing betting sites in the industry since it meets the basic needs of gamblers. Linking our wallets is a basic strategy for making an easy accessible path to the sites.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
Nice to welcome a new sports betting site in this forum, especially is no KYC and I see this site doesn't require KYC because no need to sign up just linking wallet , but unfortunately I'm not a solana fan and don't have it to test it, but all the community would love to welcome whoever the owner Gambling sites like sports betting or casinos promote their sites in these forums.

I see everything is pretty good in writing and you can upgrade your bitcointalk account to copper member as other friends here recommended, I'd love to see this thread grow and at least add a graphic design view to make it look interesting, Btw welcome to the bitcointalk forum, maybe sometime when will I test your site if on any other network than Solana  Wink
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Sportsbook already appeared when I click the exchange button. It took some time to fully load the sportsbook though. Much better if you will have separate button for sportsbook and exchange to avoid confusion.

Sorry for any confusion on my original description. Let me explain in more detail to clear things up.

The base layer and the UI design is that of an exchange. We allow anyone to put up offers (maker orders) at any odds with any stake for any event we have online. On top of this exchange layer, we built a liquidity aggregation layer which pulls odds and liquidity from other venues and shows them in the orderbook. This provides instant liquidity for those looking to place bets as taker orders.


Now I properly understand how your exchange works. It's an odds exchange to make it simple however my comment will still remain simce not all users are familiar on the exchange terms when they are looking for a sportsbook. Your main target on opening Announcement thead here in the forum gambling section are gamblers. I believe using an appropriate word suitable to your target market here is much better rather than stick to exchange because I’m sure someone will commit same mistake as me by assuming that your service is more on a DEX rather than sportsbook since the order book is slow to fully load for first time opening.


It is essentially a hybrid of Betfair exchange and Mollybet which aggregates asian bookmakers - but we aggregate on-chain venues.

This is an interesting idea. Your platform can be use by 2 individual that wants to bet against each other with their customized odds. I will bookmark on your services.

Do you have a smart contract audit done by reputable company like Certik?
newbie
Activity: 7
Merit: 0
Apologies for the too-frequent posting. Will slow it down.

Thanks for the feedback on the "Exchange" wording being confusing to first time visitors. Hopefully navigating is more clear now.



How will your site keep a record of winning and losing bettors?

So if I win then winnings are automatically sent out to my wallet and who pays the fee for transfers?

All winning and losing bets are stored on the blockchain. The website does not keep any record or track any user - it is just an interface for creating blockchain transactions.

We pay the fee to send you the funds at the time the bet is settled. On Solana, the fee is very very small so it is not an issue.

I would first of all say, welcome to the forum, ive taken my time to read through the op, and honestly, I think you have a great business model, and one that could really fly if given the proper marketing it deserves..

I would have personally love to try out the platform for a first hand experience of how it all works, but unfortunately, I don't own a single sol for gas, I don't even have a sol wallet set up yet, I don't have any plans of buying sol now solely for this purpose, I will sure check this out once I have a good reason to buy some sol..

But anyways, I think you guys should expand the bonus to accommodate new users, that could really encourage some of us to take that big step you know..

Sorry I missed this post. Thank you for the kind words Smiley If you have funds on chains like ETH, Arbitrum, Binance Smart Chain, Avalanche, you can use the Mayan Finance bridge to bring the funds to Solana and receive a small amount of SOL so you can make transactions. We have a widget on our onboarding page (needs a small bug fix which will come today). As little as $1 of SOL will be enough to place some bets.

We have the $10 risk free bet offer open to forum members. With our current system, we can only offer refunds after bets lose as the offer, and cannot give out free bet tokens or the like. This will come in the future.
hero member
Activity: 2114
Merit: 603
Your casino is really attractive and very simple. The loading time is surprisingly way faster as compared to the centralized casinos out there. The UI says it all actually.
You directly get connected with the betting dashboard and can select the option or even interact even if you don't have any type of account online.

You have kept around 13 wallets in the options menu to connect with your blockchain-based casino/sportsbook and that's just what a user wants. Since you already have the popular wallets that are Wallet Connect and Coinbase wallet, there is hardly little chance any user would be disappointed.

I do not know the mechanism of to and forth algorithm here but it does seem to be pretty slick. How will your site keep a record of winning and losing bettors?

So if I win then winnings are automatically sent out to my wallet and who pays the fee for transfers?

hero member
Activity: 1022
Merit: 667
Top Crypto Casino

Impressive, on how he made quick changes according to the users feedback. I hope he continues this kind of attitude because some casinos here have become inactive later on. It's funny how they got bore easily but maybe they already get their true intention and that is to scam the gamblers.

Moving on, about the withdrawal on other currency, that would be cool but I don't think it's possible in a off-chain betting site since all are processed here automatically i.e if the bets are won, it will automatically transferred to the same wallet address used when depositing. The only thing that they can do is to support cryptocurrencies other than bitcoin.
Well the thing is that, any new casino will have high spirit in constant contact with their customers to collect their feedbacks and work on the improvement of they platform,  the second thought is their is high motivation since the team will still work actively to block and fix bugs and this bugs are easily discovered at the early stage of the casino development.

But later on when the have achieved high level development and build a large customer base and active community, their could possibly feel fulfilled and tend to lose contact and become less active, and from that moment the casino may start suffering loses of customers due to non satisfaction resulting from a backlog of spending unsettled issues from the player.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform

Thanks for the suggestion, I have edited the site to open "How it works" in the same tab.
Quick one, can I make withdrawal on any currency?

E.g if I make deposit in Bitcoin and. Places bet with bitcoin and want to withdrawing other cryptocurrency e.g USTD can I make that withdrawal automatically or I will have to use the inbuilt exchange to can't the bitcoin to ustd before withdrawal.
Impressive, on how he made quick changes according to the users feedback. I hope he continues this kind of attitude because some casinos here have become inactive later on. It's funny how they got bore easily but maybe they already get their true intention and that is to scam the gamblers.

Moving on, about the withdrawal on other currency, that would be cool but I don't think it's possible in a off-chain betting site since all are processed here automatically i.e if the bets are won, it will automatically transferred to the same wallet address used when depositing. The only thing that they can do is to support cryptocurrencies other than bitcoin.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino

We use the official Solana Wallet Adapter for connecting wallet. Transactions can only happen when you approve them in the wallet. You can preview the effect this will have (e.g. trying to bet 10 USDC will show -$10 USDC in the preview). We cannot pull funds from your wallet - Solana and Ethereum are different in this way. No token contracts with infinite approvals that can drain your funds.
Thanks for the response and further explanation to that effect. And how secured the wallet connection will be against every doubt due to past incidence of wallet connect fraud, that been said, I wish you the very best as you journey ahead and I. Encourage you to. Buy a. Copper member as soon as possible, so that you can make some of your comments via images from your site for more clarifications.

full member
Activity: 462
Merit: 117
Welcome onboard OP. I had to read through to seeing things for myself and it seems good here with lots of observations and corrections going on. So far, from your response, I know you will make a good manager as your presence here says it all.

As a newbie here, I know you have no much clues on how things are done here so I would advise you to take out time to read through the forum policies so you could get some fact because I see your response pattern does not align well with the forum policies. You can not be spamming your own thread all in the name of responding or reply to questions but however, you can reply multiple comments by just quoting them and replying on one post.
newbie
Activity: 7
Merit: 0
Betting Aggregator is a great idea but I dont like Purebet is using centralized solana blockchain for this purpose because it keeps breaking and not working all the time.
I need simple betting aggregator that can compare all crypto gambling casino odds and make me choose the best option for betting on some event so I can have freedom to choose Bitcoin or other coins I want.
One of this aggregator websites for crypto is Bitodds, and it is showing me odds from six or more crypto casinos: https://bitodds.com/ufc

I understand that some people dont like Solana but it is the only blockchain that this is possible on. The structure of EVM does not allow for real (betting or crypto) exchanges. GMX for example does not actually have orderbooks and is more like a bucketshop that uses oracles. Solana is better than you sending your money to some shady centralised bookmaker.

...but the question is how secure is the network since we have to connect our wallet, which may expose us to more danger because the wallet connection will have an option where the backend also has access to the connected wallet.

We use the official Solana Wallet Adapter for connecting wallet. Transactions can only happen when you approve them in the wallet. You can preview the effect this will have (e.g. trying to bet 10 USDC will show -$10 USDC in the preview). We cannot pull funds from your wallet - Solana and Ethereum are different in this way. No token contracts with infinite approvals that can drain your funds.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino


I think you don't need to deposit Bitcoin because it's on-chain betting and they use USDC tokens on the Solana blockchain.
so all you need is to connect your wallet and place a bet using USDC if your bet wins then you will receive your winning instantly in your wallet.
Ooh ok, I thought, that they accept other cryptocurrencies since I saw where there mentioned exchange on the first page of the casino and this have influenced my statement since I was having Bitcoin in mind as the primary first listed coin on any exchange.

But from your comment am now clear what he means by on-chain betting platform, but the question is how secure is the network since we have to connect our wallet, which may expose us to more danger because the wallet connection will have an option where the backend also has access to the connected wallet.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Betting Aggregator is a great idea but I dont like Purebet is using centralized solana blockchain for this purpose because it keeps breaking and not working all the time.
I need simple betting aggregator that can compare all crypto gambling casino odds and make me choose the best option for betting on some event so I can have freedom to choose Bitcoin or other coins I want.
One of this aggregator websites for crypto is Bitodds, and it is showing me odds from six or more crypto casinos: https://bitodds.com/ufc

full member
Activity: 1489
Merit: 150

Thanks for the suggestion, I have edited the site to open "How it works" in the same tab.
Quick one, can I make withdrawal on any currency?

E.g if I make deposit in Bitcoin and. Places bet with bitcoin and want to withdrawing other cryptocurrency e.g USTD can I make that withdrawal automatically or I will have to use the inbuilt exchange to can't the bitcoin to ustd before withdrawal.

I think you don't need to make a deposit in bitcoin because it's on-chain betting and they use USDC tokens on the Solana blockchain.
so all you need is to connect your wallet and place a bet using USDC if your bet wins then you will receive your winning instantly in your wallet.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino

Thanks for the suggestion, I have edited the site to open "How it works" in the same tab.
Quick one, can I make withdrawal on any currency?

E.g if I make deposit in Bitcoin and. Places bet with bitcoin and want to withdrawing other cryptocurrency e.g USTD can I make that withdrawal automatically or I will have to use the inbuilt exchange to can't the bitcoin to ustd before withdrawal.
newbie
Activity: 5
Merit: 0

Yo bud, welcome to the forum!

I navigated through the website, it doesn't seem to be responsive. I'm using a mobile phone right (in Chrome's desktop mode) and I have observed that some elements are not aligned with their respective panels, like the odds listed as one row for each match.  Moreover, the "Go to Exchange" button and menu are misleading.

I believe you will make a lot of progress in no time. With that, we should be able to see a better UI/UX from you.
when im trying out to look at
on what "HOW IT WORKS" and other links which on the time you do click it does really give out new window or redirects which i dont really like. Why it hadnt just be done on a single page?


Thanks for the suggestion, I have edited the site to open "How it works" in the same tab.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
I would first of all say, welcome to the forum, ive taken my time to read through the op, and honestly, I think you have a great business model, and one that could really fly if given the proper marketing it deserves..

I would have personally love to try out the platform for a first hand experience of how it all works, but unfortunately, I don't own a single sol for gas, I don't even have a sol wallet set up yet, I don't have any plans of buying sol now solely for this purpose, I will sure check this out once I have a good reason to buy some sol..

But anyways, I think you guys should expand the bonus to accommodate new users, that could really encourage some of us to take that big step you know..
newbie
Activity: 7
Merit: 0
I just wondering if is there any way to know if there is already a maker for the event that I want to bet on because if we can know it then it will be easy for us to get matched bet early.

The UI or API shows the total stakes which you can place. 99.9% of events have some amount of instant liquidity that you can bet on. The time to get matched is no more than 30 seconds.
legendary
Activity: 3094
Merit: 1127

Yo bud, welcome to the forum!

I navigated through the website, it doesn't seem to be responsive. I'm using a mobile phone right (in Chrome's desktop mode) and I have observed that some elements are not aligned with their respective panels, like the odds listed as one row for each match.  Moreover, the "Go to Exchange" button and menu are misleading.

I believe you will make a lot of progress in no time. With that, we should be able to see a better UI/UX from you.
Did make out some try out on surfing it on a mobile phone then its true that its not really that having that fixate to be able to transition when using up on mobile but it doesnt really have that problems when you do access it on a computer or PC. When it comes to UI/UX then it does really needs improvement. You would really see those blacked out background on those text when im trying out to look at
on what "HOW IT WORKS" and other links which on the time you do click it does really give out new window or redirects which i dont really like. Why it hadnt just be done on a single page?

Notable things;
1.This one works on SOL/USDC  -- So this doesnt belong on this board.
2. Connecting wallet on a new site sounds really not that much to be that give confidence on doing so, for a new site.
3. If this one would succeed and adds up Bitcoin then this might hook up those players or bettors who do have that preference on betting similar to directbet.
newbie
Activity: 7
Merit: 0
Sportsbook already appeared when I click the exchange button. It took some time to fully load the sportsbook though. Much better if you will have separate button for sportsbook and exchange to avoid confusion.

Sorry for any confusion on my original description. Let me explain in more detail to clear things up.

The base layer and the UI design is that of an exchange. We allow anyone to put up offers (maker orders) at any odds with any stake for any event we have online. On top of this exchange layer, we built a liquidity aggregation layer which pulls odds and liquidity from other venues and shows them in the orderbook. This provides instant liquidity for those looking to place bets as taker orders.

It is essentially a hybrid of Betfair exchange and Mollybet which aggregates asian bookmakers - but we aggregate on-chain venues.
newbie
Activity: 5
Merit: 0
OP I see your casino platform is a decentralized betting system. Does that means you do not request for KYC? Why is the site not taking us directly to the main page but a page which will be needed to click before it takes to the real page itself.
That's right, no KYC at all. If you want to get to the main page instead of the landing page, go to https://exchange.purebet.io . We set the site up to bring users to a landing page first and then the main page because we see that a lot of decentralized betting venues do it this way.

Another thing I noticed was the use of words. Why do you call it exchange when in the real sense it is a  casino if I am not mistaken.

We've changed "Launch exchange" to "Start betting". Sorry for the confusion.

Is there no means where by one can make deposit aside connecting wallet to the website?

There is no depositing, you can bet straight from your wallet. When you bet, you send your money from your wallet to the smart contract. If you win, the smart contract sends your money and profit to your wallet. At no point do you ever have to give your funds to us for us to hold.

I am curious to know more about your casino and lastly your introduction seems boring with no visuals. I think you should edit some if your literature as it is too bulky. Nobody would be comfortable spending much time reading those stories.

lol that's a good point. We'll work on adding some visuals.
newbie
Activity: 5
Merit: 0
First of all let me welcome you to the forum. I like you ANN thread but you have to add some images to make it original. The site is good but "The Exchange " name should be changed and place it with another name. Because when I entered the site the inscription says it is built for bettors so I don't know why the exchange is there. When I saw it, I was thinking that it is for cryptocurrencies exchange platform until I clicked on it to the down drop menu which wrong.


Thanks for pointing this out. We have changed "Launch Exchange" to "Start Betting"
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
How come that sportsbook is not visible on your homepage while you are promoting betting as main feature of your services. Exchange is the only visible feature that I can see on your website and I’m starting to wonder if your main goal is to drive user to use exchange and just use the forum gambling section to onboard some traffic.

Nevertheless please update your homepage and add sportsbook feature for easy visibility for those who want to explore your casino. There’s no connect button for my metamask aside from trading on exchange. Does the sportsbook account will automatically created once we trade on your built in DEX?

Buy copper membership for proper ANN thread.

EDIT:
Sportsbook already appeared when I click the exchange button. It took some time to fully load the sportsbook though. Much better if you will have separate button for sportsbook and exchange to avoid confusion.
full member
Activity: 1489
Merit: 150
I just wondering if is there any way to know if there is already a maker for the event that I want to bet on because if we can know it then it will be easy for us to get matched bet early.
sr. member
Activity: 728
Merit: 421
OP I see your casino platform is a decentralized betting system. Does that means you do not request for KYC? Why is the site not taking us directly to the main page but a page which will be needed to click before it takes to the real page itself.

Another thing I noticed was the use of words. Why do you call it exchange when in the real sense it is a  casino if I am not mistaken.

Is there no means where by one can make deposit aside connecting wallet to the website?  I am curious to know more about your casino and lastly your introduction seems boring with no visuals. I think you should edit some if your literature as it is too bulky. Nobody would be comfortable spending much time reading those stories.

Atleast you have been advised to do some needful things which would be o benefit to you and your organization. Do well to apply those principles otherwise you are on your own.
sr. member
Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited

Yo bud, welcome to the forum!

I navigated through the website, it doesn't seem to be responsive. I'm using a mobile phone right (in Chrome's desktop mode) and I have observed that some elements are not aligned with their respective panels, like the odds listed as one row for each match.  Moreover, the "Go to Exchange" button and menu are misleading.

I believe you will make a lot of progress in no time. With that, we should be able to see a better UI/UX from you.
legendary
Activity: 1904
Merit: 1488
First of all let me welcome you to the forum. I like you ANN thread but you have to add some images to make it original.
~~~
OP is a Newbie, so he can't post images on the forum yet. He needs to buy a Copper member membership, so OP can remove the restrictions for accounts with a low rank.

You can find out how to get a Copper member on this link.:
https://bitcointalk.org/index.php?action=credit;promote

Purebet_io wish you luck in the forum!
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Hello and welcome to the forum.
You took the necessary steps by creating an ANN for your casino but you need to make it a marketable ANN thread by purchasing the copper membership that allowed you to post an image.
Having said that, you need to do some corrections to your website because when I visit it I am confused maybe it is an exchange platform, not a gambling site.
In case you decide to do some marketing on this forum so you can be among the market-leading gambling site contact me and I will be glad to help
Best wishes and welcome on board again.
hero member
Activity: 700
Merit: 577
Hire Bitcointalk Camp. Manager @ r7promotions.com
First of all let me welcome you to the forum. I like you ANN thread but you have to add some images to make it original. The site is good but "The Exchange " name should be changed and place it with another name. Because when I entered the site the inscription says it is built for bettors so I don't know why the exchange is there. When I saw it, I was thinking that it is for cryptocurrencies exchange platform until I clicked on it to the down drop menu which wrong.
newbie
Activity: 7
Merit: 0
I'm interested in this idea ... I'll try to understand better the project and the advantages in the "real world" (example market liquidity management, time to place a live bet, how the odds change during a live event)... in short, a service this could be really powerful for those who bet live and love betting exchanges (like me Grin )

A couple of questions meanwhile...
why did you decide to use solana?
Did you plan to add greyhounds/horse racing?

Solana account structure lends itself to an exchange format which cannot exist on EVM chains. The fees are also consistently the lowest. The 400 ms time to finality also allows for live betting when the time comes, while EVM chains would lead to weird delays and gas races.

We do not have horses or greyhounds because no on-chain protocol offers them yet for us to pull from. We have a design to offer trustless on-chain markets of these types, but it is outside the scope of the current product which we are busy with for now.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
I'm interested in this idea ... I'll try to understand better the project and the advantages in the "real world" (example market liquidity management, time to place a live bet, how the odds change during a live event)... in short, a service this could be really powerful for those who bet live and love betting exchanges (like me Grin )

A couple of questions meanwhile...
why did you decide to use solana?
Did you plan to add greyhounds/horse racing?
newbie
Activity: 7
Merit: 0
Are you a new sportsbook then? How much time have you been online and what kind of volume of users do you currently have?

Also what kind of max stakes can we expect from the leagues you have mentioned? I've used a couple of bookmakers in the past that claimed they welcome winners but they quickly limited my account after a few winnings bets. What's your policy on that?

It is like a hybrid between a sportsbook and an exchange. It the base layer, it is an exchange which allows anyone to match bets with anyone. However, there are also offers of instant liquidity which come from other venues which are aggregated.

The max stake for instant liquidity varies depending on what venue the top odds are from, but like an exchange, you can get a higher stake at lower odds.

We like winners more than losers because it means you keep coming back! Since betting is purely done through your wallet, even if we wanted to stop someone, they could just make a new wallet address and keep betting. Because of this, the system is inherently designed to welcome winners.

jr. member
Activity: 52
Merit: 1
Are you a new sportsbook then? How much time have you been online and what kind of volume of users do you currently have?

Also what kind of max stakes can we expect from the leagues you have mentioned? I've used a couple of bookmakers in the past that claimed they welcome winners but they quickly limited my account after a few winnings bets. What's your policy on that?
hero member
Activity: 1022
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Introducing Purebet: A Fully On-Chain Sports Betting Aggregator

What is Purebet?

Purebet is a fully on-chain sports betting aggregator where ALL bettors are welcome. Over the past year or so, many fully on-chain sports betting protocols have developed and grown. These include exchanges and automated market makers and span across many different blockchains.

The Problem with On-Chain Sports Betting

Because these protocols are each on a different blockchain and use a different currency for betting, it is impossible for bettors to be able to quickly take the best odds at the venue offering them. Getting there involves expensive swap and bridge transactions.

How Purebet Solves This Problem

Purebet solves this by unifying the liquidity from every venue and every blockchain into one place. We show the best odds offered by every venue within our orderbook, letting you always take the best odds, regardless of the source blockchain or collateral token.

When you place a bet, our system places the bet at the source venue and matches your offer, locking your stake and the potential profit into a smart contract on the Solana blockchain. If the bet wins, you are automatically paid the stake and profit to your blockchain wallet. There is no need to worry about cross-chain bridging or redeeming winnings at the source - we do it all automatically.

Key features

- No need to create an account and log in, simply connect your blockchain wallet and bet right away!
- Betting is done via blockchain transactions. We cannot ask for KYC or limit winners. Your bet winnings are directly paid to your blockchain wallet so users never have to demand a withdraw
- No protocol fees on any bet staking or profits, other than the 0.000005 SOL transaction fee from the Solana blockchain
- We currently offer markets on all major US sports; major soccer leagues including J-League, Eredivisie, MLS, Copa Libertadores; UFC; Euroleague; and we are ready to offer French Open M & W tennis and Nordic and non-European leagues in the future
- We have a total of 6 venues across 5 blockchains aggregated at the moment, which allows us to offer betting margins < 4% (and sometimes < 0%). We have odds that are better than most bookies and can compete with Pinnacle most of the time.
- The aggregation of multiple protocols gives the possibility of frequent arbitrage opportunities. We welcome all arbitrage and value bettors!

 
How to Place Bets

Bet placing can take place via the UI on our website or via our API. All you need to do is connect your blockchain wallet and bet right away. Since we are based on the Solana blockchain, the transaction fee is 0.000005 SOL, and we charge 0% protocol fees on stakes/returns/profits/anything. All betting takes place using Solana native USDC, so there is no need to worry about price fluctuations or risk from bridged tokens.

Arbitrage Opportunities

Since we have multiple protocols aggregated into one orderbook, there is the possibility that arbitrage opportunities appear within the orderbook (or one side of the orderbook + odds from another venue like Pinnacle create an arbitrage opportunity) and we happily welcome arbitrage/sure bettors. All winners are welcome - like other exchanges such as Betfair, winners are welcome since we take no risk on any bets: it is all passed on to other sources.
 
Connect with Us

You can visit our website at https://www.purebet.io
You can read more about how it works in our documentation: https://docs.purebet.io/
Our Twitter: https://twitter.com/Purebet_io
Our Discord: https://discord.gg/22tr2FYAh9 (I will try to be active in this thread but the Discord server is the main point of contact)
 

Current Promotion

We currently have an ongoing promotion for a risk free bet to users who have bet with on-chain venues before, but this will be extended to users of this forum: https://docs.purebet.io/promotion-terms/phase-1-completion-celebration-promotion-07-04-23
Send a private message on here with the link to your first losing bet. New forum accounts are not eligible.

Ready to start betting with Purebet? Visit our website now!


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